NovaStar mortgage servicing sold to Saxon Mortgage

Lance Anderson, President and Chief Operating Officer of NovaStar Financial, Inc., announced in mid-October 2007 that they entered into a final agreement to sell all of NovaStar’s servicing rights to Saxon Mortgage Services, Inc. The quality of service from NovaStar and the quality of service from Saxon Mortgage should be a good fit — neither …

Morgan Stanley’s Saxon and Novastar Mortgage

Two weeks ago I had never heard of Saxon Mortgage. Now I have been notified that I am a valued customer and they will be the new servicer for my Novastar mortgage. Saxon Mortgage Services Inc., a unit of New York-based Morgan Stanley, will acquire the rights to do billing and collection on home loans …